LONDON (Indonesia Today) – Archipelago Resources Plc, a company controlled by Indonesian tycoon Peter Sondakh, reported strong drilling results for Toka East, a prospect adjoining the main pit at its 95% owned Toka Tindung Gold Mine in North Sulawesi, Indonesia.
Archipelago informed investors yesterday that at Toka East, adjoining Archipelago’s Toka Tindung deposit and located approximately one kilometre from the processing plant, assays have been received from 51 inclined reverse circulation (RC) drill holes totalling 9,431 meters.
“The results to date and further drilling planned at near site targets (including the Toka North area) are likely to lead to an increase in the JORC defined Resource and Reserves at Archipelago’s Toka Tindung Gold Mine.